📊 CQ: hedge funds are reducing risk ahead of December FOMC meeting. Onchain data shows declining #BTC balances on major exchanges while #USDT and #USDC reserves are rising. This indicates that institutional investors are reducing positions and accumulating stablecoins. The rise in steiblecoin reserves on exchanges is a classic signal of event-related hedging.
Funding rates are also falling.
Funding rates are also falling.
📊 CQ: The year 2025 set a new all-time record for futures trading volume. Futures have become the preferred instrument in the hope of quick and significantly high returns.
This evolution has structurally changed the market. Volatility is now determined not only by spot supply and demand, but also by forced liquidations and the domino effects caused by them.
In other words, this signals a market that has become more reactive, more fragile, and more vulnerable to emotional overvaluation of positions. Leverage has become a major driver, and as long as this factor dominates, #BTC is evolving in an environment where prices are becoming more volatile and difficult to predict.
This evolution has structurally changed the market. Volatility is now determined not only by spot supply and demand, but also by forced liquidations and the domino effects caused by them.
In other words, this signals a market that has become more reactive, more fragile, and more vulnerable to emotional overvaluation of positions. Leverage has become a major driver, and as long as this factor dominates, #BTC is evolving in an environment where prices are becoming more volatile and difficult to predict.
📊 #BTC CQ: after hitting the bottom on Nov. 21, open interest continued to decline even though the price of BTC was rising. This pattern indicates that the recent rise is mainly due to spot demand.
Growth driven by spot demand is usually seen as a healthy development, but historical trends show that sustained upward momentum usually requires not only strong spot demand, but also steady growth in leveraged positions.
Given that the market is structurally driven by derivatives, the current rally may struggle to sustain if rate cut expectations weaken ahead of the FOMC meeting. For this reason, monitoring changes in open interest will remain critical in the coming days.
Growth driven by spot demand is usually seen as a healthy development, but historical trends show that sustained upward momentum usually requires not only strong spot demand, but also steady growth in leveraged positions.
Given that the market is structurally driven by derivatives, the current rally may struggle to sustain if rate cut expectations weaken ahead of the FOMC meeting. For this reason, monitoring changes in open interest will remain critical in the coming days.
📊 #BTC CQ: after hitting the bottom on Nov. 21, open interest continued to decline even though the price of BTC was rising. This pattern indicates that the recent rise is mainly due to spot demand.
Growth driven by spot demand is usually seen as a healthy development, but historical trends show that sustained upward momentum usually requires not only strong spot demand, but also steady growth in leveraged positions.
Given that the market is structurally driven by derivatives, the current rally may struggle to sustain if rate cut expectations weaken ahead of the FOMC meeting. For this reason, monitoring changes in open interest will remain critical in the coming days.
Growth driven by spot demand is usually seen as a healthy development, but historical trends show that sustained upward momentum usually requires not only strong spot demand, but also steady growth in leveraged positions.
Given that the market is structurally driven by derivatives, the current rally may struggle to sustain if rate cut expectations weaken ahead of the FOMC meeting. For this reason, monitoring changes in open interest will remain critical in the coming days.
👀 #INJ Pineapple Financial begins moving its $10 billion portfolio to onchain with Injective coindesk.com
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🇧🇷🙋♂#HNT Helium is entering the Brazilian market in a joint venture with local Wi-Fi service provider Mambo WiFi.
🙋♂👀 #ASTER Aster: The platform now has a zero commission policy for equity futures contracts
📊 #BTC Glassnode: Bitcoin continues to trade in a structurally unstable environment where rising unrealized losses, increased realization of realized losses, and significant profit taking by long-term holders have combined to hold back price movement. Despite this persistent selling pressure, demand remains robust enough to keep the price above the true market average, suggesting that patient buyers are still absorbing allocations.
📱👀 #SEI Sei Wallets will be pre-installed on millions of Xiaomi phones coindesk.com
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🕵️♂️ The Bitcoin mining firm MARA deposited 275 #BTC ($25.31M) to FalconX 3 hours ago.
📊👀 #BTC CQ: Due to the Coinbase migration, the measured STH supply is now around ~5.4M BTC. A non-trivial chunk of that belongs to corporate treasuries and ETFs, while the rest is held by the real-economy investors who are effectively providing ongoing demand on the market.
🇺🇸👀 Crypto #ETF Flows Today:
Bitcoin ETFs:
1D NetFlow: +445 $BTC (+$40.87M)
7D NetFlow: -1,992 BTC (-$182.9M)
Ethereum ETFs:
1D NetFlow: +35,347 $ETH (+$117.71M)
7D NetFlow: +56,619 ETH (+$188.54M)
Solana ETFs:
1D NetFlow: +74,573 $SOL (+$10.23M)
7D NetFlow: +365,333 SOL (+$50.42M)
Bitcoin ETFs:
1D NetFlow: +445 $BTC (+$40.87M)
7D NetFlow: -1,992 BTC (-$182.9M)
Ethereum ETFs:
1D NetFlow: +35,347 $ETH (+$117.71M)
7D NetFlow: +56,619 ETH (+$188.54M)
Solana ETFs:
1D NetFlow: +74,573 $SOL (+$10.23M)
7D NetFlow: +365,333 SOL (+$50.42M)
📈🤔 #BTC CQ: The muted funding backdrop reflects a recovering market, not an overheated one. This leaves room for a more extended bullish leg if demand strengthens.